Tiffany Beats Expectations, but Its Future May Not Be So Bright

Iconic jewelry brand Tiffany & Co. (TIF) reported earnings on Tuesday, and while the New York-based company beat Wall Street's expectations, it said that the future remains uncertain.

Investors should take this warning into consideration before they think about buying shares. At best, Tiffany is a long-term play.

The company's stock price was up more than 3% in late Tuesday trading. 

For its fiscal third quarter, Tiffany reported a year-over-year earnings boost from $91 million, or 70 cents per share, to $95.1 million, or 76 cents per share. The analyst consensus had expected 67 cents per share.

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